Insider Selling: Mark Goldin Unloads 6,000 Shares of Cornerstone OnDemand Stock (CSOD)
Cornerstone OnDemand (NASDAQ:CSOD) CTO Mark Goldin unloaded 6,000 shares of Cornerstone OnDemand stock on the open market in a transaction that occurred on Thursday, May 22nd. The shares were sold at an average price of $43.23, for a total value of $259,380.00. Following the completion of the sale, the chief technology officer now directly owns 24,560 shares in the company, valued at approximately $1,061,729. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
A number of analysts have recently weighed in on CSOD shares. Analysts at Goldman Sachs cut their price target on shares of Cornerstone OnDemand from $59.00 to $55.00 in a research note on Thursday, May 22nd. Separately, analysts at FBR Capital Markets initiated coverage on shares of Cornerstone OnDemand in a research note on Wednesday, May 21st. They set an “outperform” rating and a $48.00 price target on the stock. Finally, analysts at Ned Davis Research upgraded shares of Cornerstone OnDemand from a “sell” rating to a “neutral” rating in a research note on Monday, May 12th. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $60.67.
Cornerstone OnDemand (NASDAQ:CSOD) traded down 0.12% during mid-day trading on Tuesday, hitting $43.20. 1,183,935 shares of the company’s stock traded hands. Cornerstone OnDemand has a one year low of $32.82 and a one year high of $61.85. The stock has a 50-day moving average of $38.61 and a 200-day moving average of $49.53. The company’s market cap is $2.296 billion.
Cornerstone OnDemand (NASDAQ:CSOD) last released its earnings data on Thursday, May 1st. The company reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.09) by $0.01. The company had revenue of $57.41 million for the quarter, compared to the consensus estimate of $56.90 million. During the same quarter in the previous year, the company posted ($0.10) earnings per share. The company’s revenue for the quarter was up 52.5% on a year-over-year basis. Analysts expect that Cornerstone OnDemand will post $-0.24 EPS for the current fiscal year.
Cornerstone OnDemand, Inc is a provider of talent management solutions delivered as Software-as-a-Service (NASDAQ:CSOD).
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